On August 19, 2011, Premier Wen Jiabao met with U.S. Vice President Joe Biden at Ziguangge, Zhongnanhai.

Wen said that as the economic globalization is moving further, national economies are more interlinked and affect each other. Countries are more interdependent. Whether it is to tackle the financial crisis or to solve sovereign debt problems of the United States or some countries in Europe, it requires closer cooperation and solidarity of the international community. In this sense, the importance of China-U.S. economic and trade relations have moved beyond the bilateral scope and have global bearings. The two countries need to enhance mutual trust, eliminate suspicion and work closely. The two countries need to properly handle contradictions, reduce all kinds of barriers and promote common development.

Premier Wen pointed out that strengthening China-U.S. economic and trade cooperation is in line with the common interests of the two countries. He hoped that the U.S. could take concrete measures to relax restrictions on the exports of high-tech products to China, provide a fair competitive environment for Chinese enterprises to expand investment in the U.S. and protect the legitimate interests of investors. China, on the basis of equality and mutual benefit, is willing to carry out large-scale cooperation with the United States in trade, finance, investment and infrastructure and drive the strong, sustainable and balanced growth of Chinese and U.S. economies and even the world economy.

Wen said the U.S., as the largest developed country in the world, has very strong technological strength, a large base of high-quality talents and a strong economic base. China believes that the United States could overcome the current difficulties. China appreciates U.S. commitment to take responsible fiscal and monetary policies, reduce the deficit and protect investment security. China is willing to strengthen cooperation with the United States to enhance market confidence and safeguard international financial stability.

Biden said the U.S.-China relationship is of vital importance to the two countries and the world. The United States is committed to promoting the comprehensive development of U.S.-China relations and is willing to work with China to expand cooperation in various fields. The development of the United States and China is vital to each other. The United States welcomes China to expand investment in the U.S. and help the U.S. increase employment. He hoped that both sides could joint efforts to provide greater facilitation to promote the exchanges of businesses and personnel as well as trade in goods. The United States will ensure the security of investment in the U.S. and U.S. debt. The United States will strengthen coordination in multilateral mechanisms and on international and regional affairs and show confidence to the world.

Foreign Minister Yang Jiechi, Minister of Commerce Chen Deming and China's Ambassador to the U.S. Zhang Yesui and other officials also attended the meeting.